Chesapeake Energy (NASDAQ:EXE) Sets New 12-Month High - Here's Why

Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $110.10 and last traded at $109.81, with a volume of 4518383 shares changing hands. The stock had previously closed at $109.10.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Chesapeake Energy from $105.00 to $107.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Truist Financial dropped their target price on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Morgan Stanley boosted their price target on Chesapeake Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $116.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Finally, Scotiabank raised Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Chesapeake Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.71.

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Chesapeake Energy Trading Up 1.2 %

The company has a 50-day moving average of $104.12. The firm has a market cap of $25.82 billion, a PE ratio of 68.48 and a beta of 0.53. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. On average, equities research analysts forecast that Chesapeake Energy Corporation will post 1.33 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 11th were paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, March 11th. Chesapeake Energy's dividend payout ratio (DPR) is presently -55.83%.

Insiders Place Their Bets

In other Chesapeake Energy news, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the purchase, the chief executive officer now directly owns 107,845 shares of the company's stock, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 58.00% of the company's stock.

Chesapeake Energy Company Profile

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.